Refex Industries Ltd. saw its stock price drop 6.91% to ₹382.50 in early trade on Tuesday, August 13, after the company reported weak Q1 FY26 earnings.
The renewable energy and industrial gases player posted a 35.15% year-on-year (YoY) decline in revenue, coming in at ₹383.25 crore compared to ₹590.94 crore in Q1 FY25. Sequentially, revenue fell 38.83% from ₹626.51 crore in Q4 FY25.
Profit after tax (PAT) attributable to owners came in at ₹21.17 crore, down 29.50% YoY from ₹30.03 crore and a steep 56.18% drop from ₹48.31 crore in the preceding quarter.
The sharp decline in topline and bottomline performance weighed heavily on investor sentiment, prompting selling pressure.
Key Q1 FY26 Financial Highlights (YoY)
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Revenue: ₹383.25 crore vs ₹590.94 crore (-35.15%)
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PAT (after NCI): ₹21.17 crore vs ₹30.03 crore (-29.50%)
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QoQ Decline: Revenue -38.83%, PAT -56.18%
Stock Performance
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Previous Close: ₹410.90
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Day Low / High: ₹360.00 – ₹383.80
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Market Cap: ₹49.39 billion
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52-Week Range: ₹260.10 – ₹600.00
Disclaimer: The information provided is for informational purposes only and should not be considered as investment advice. Stock market investments are subject to market risks. Please conduct your own research or consult a financial advisor before making any investment decisions.